The cloud comes in various shapes and forms, and companies may implement any number of cloud-hosted solutions to meet their business needs. An enterprise project management program is one such tool.
According to Canopy – the open cloud company, such a program is crucial for “planning and implementing projects just in time, budget and quality, with a well-structured approach and the required transparency”.
The IT solutions provider highlights six key traits of an effective project management solution. It should: be fast to access and capable of operating across both commercial and international borders; be able to integrate data from other systems, should this be needed; allow personnel to work together, even if they are based in different countries; provide a way to plan, monitor, resource, and optimise costs and time; quickly give an overview of project statuses; and be able to produce reports and analyses.
Especially for companies that operate on a multinational scale, coordination can be one of the greatest challenges to overcome, when it becomes necessary to factor in things like varying market demands, time zones, legislation, languages and cultural differences, to name just a few of the significant hurdles of expanding internationally.
This is where a privately-hosted project management program could really come into its own.
Coordinating a project involving several team members is challenging enough. Put an ocean between these team members and the task of sharing data, information, ideas and expertise becomes a little daunting. However, facilitate this and that is what will ultimately drive performance and operational efficiency.
Having a mainframe computer running project management via an on-site server at HQ based in one particular city, a successful and efficient global project rollout does not make.
By hosting the software in a private cloud, not only will information be more readily available to everyone that needs to access it, but it will also enable the system to harness all of the benefits of the cloud more generally, such as scalability. Naturally, the scope of a project could vary as much as the length of a piece of string, depending on its sophistication and global reach, to name just two of several compounding factors, making scalability absolutely crucial to success.
At the end of the day, the pressure is on. The global financial crisis has crippled many companies and brought serious financial hardship to many more. Failure is not an option. Implementing an effective management solution such as this could be the first step towards safeguarding a company’s operations, ensuring projects run as smoothly as possible and that new and existing business keeps on rolling in. Ultimately, this is what will keep the coffers filled – the lifeblood for any firm, no matter how large or small.
According to research of various employees of large, medium and small enterprises by PM Solutions: “Firms on average manage $200 million (£123.7 million) in projects each year.
“In the course of that year, these organisations will realise that more than a third of their projects – $74 million worth – are at risk of failing.” An effective project management solution can not only help with the recovery of a failing project, but could also help to prevent this from happening in the first place.
It could be said that, for many companies, a privately-hosted project management program is a bit of a no-brainer.
Categories : Project Management